Views Collection

It is a surprise to know that the highest anticipated share has been under subscription. Every one seemed to be interested in buying the NTC share. There were huge crowds in almost all the collection centers, but it is said that the subscription rate is far below expectations. The government had planned to raise Rs. 9 billion from two separate phases, on a fifty percent basis. As told, the government now would only be raising three billion rupees.

According to the government’s plan, the intention was to sell 7.5 million unit shares to public, 5% of which had already been sold to the telecom’s employees.

Another weird thing about NTC share is that, the price per share for general public has been tagged at Rs.600.00 adding Rs.500.00 premium to its face value of Rs.100.00 where as for the telecom’s employees, Rs.10.00 had been discounted on the face value. This could also be one of the biggest factors of not getting the targeted subscription. Many small investors have been deprived of applying for the NTC share.

Looking at the current situation of under subscription, the government would come up with a more flexible plan in the second phase so that all the interested investors would get an opportunity to buy NTC share.